Nearly four years after Do Kwon was imprisoned, there are still community members steadfastly supporting Terra Luna Classic and looking forward to an "epic revival."
According to Decrypt, although Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for causing the collapse of Terra, which resulted in approximately $40 billion in losses, the abandoned original chain Terra Luna Classic (LUNC) has not disappeared. A group of community members continues to maintain the network, hoping to achieve one of the greatest revivals in the history of the cryptocurrency industry.
The report states that a core community member known by the pseudonym "Vegas" lost about $50,000 during the Terra collapse and has since been involved in operating validation nodes, governance proposals, and developer coordination. He expressed that despite facing long-term internal power struggles and fraud accusations, and even being maliciously reported to the authorities, he still believes LUNC has the potential to return to the top ten in the cryptocurrency industry.
After the Terra collapse in 2022, Terraform Labs launched a new chain, Terra, through a hard fork, while the original chain was retained and renamed Terra Luna Classic. Subsequently, the community organization Terra Rebels took over the maintenance work and launched a series of proposals, including a 1.2% burn tax, in hopes of revitalizing the ecosystem. However, due to disputes over fund allocation and governance, Terra Rebels eventually disbanded, and several developers left one after another.
Despite this, the community continues to advance the development of projects such as lending protocols, games, and meme coins, and attempts to restore the stablecoin peg mechanism. Data shows that LUNC has risen 17.3% in the past year, but has cumulatively fallen 28.7% since 2022, with a decline of 99.99% from its historical high of $119.
Some community members stated that the shared trauma after the collapse has formed a bond similar to "family," and that price is no longer the only goal. "What if we could achieve one of the greatest comebacks in cryptocurrency history? It's like a last-ditch pass." said a community member.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

USS Washington to Replace USS Lincoln in the Middle East Amid Concerns Over Crew Living Conditions

Stablecoin $825M Pre-Deposit Flash Loan, Whale Entrance with $700M Before Official Announcement?

Hedera Council adds Apex Group, servicer of $3.5T in assets

Kaspa developer targets ownerless prediction market by end-2026
Are GOPAX Withdrawals Still Paused? What Users Can Request and What Remains Unconfirmed
Check the latest GOPAX withdrawal status, which wallets qualify for manual requests, and how to tell whether your crypto withdrawal has been sent.
What Happened in the Binance Hack? How It Happened, Fund Recovery and User Safety
What happened in the Binance hack? Review the attack timeline, latest fund replenishment, recovery limits and practical steps to protect your account.

Hoskinson says he cannot run Cardano like a CEO. Who is accountable for its growth?

Why Pronostyx Is Building Prediction Markets for Questions the Big Platforms Ignore

Former Cointelegraph CEO Joins Phase as Co-Founder and CEO

Alta raises $47.5M for blockchain backed by crypto skeptic Jack Zhang

U.S. Mortgage Rates Surge After Four Weeks of Decline

Decrypt Becomes First News Publisher to Offer Perps Trading, Powered by Solana's Phoenix

How Far Can AI Trading Go Amid the Anti-Data Center Wave? It Depends on GPU Leasing Prices

XRPL lending protocol gains validator support as vault vote advances

Tech Veteran: Anthropic IPO Will Be the Peak of AI Market in US Stocks, Will 'Aggressively Buy Chinese AI' If Conditions Allow

Moody's Projects Global Credit Deterioration by 2027 and Warns of the Impact of Rates and AI

CPI Higher Than Expected in the U.S.: What It Means for Investors

EWY ETF Volatility: Semiconductor Concentration, Rebound, and Fund-Flow Risks

AI Agents Do More Than Just Place Orders: The Next Entrepreneurial Opportunity Lies in Matching and Trust

Exodus Reports $8.3M Quarterly Loss as Wallet Platform Expands Payments Business

USAR Stock: Rare-Earth Commercialization, Quarterly Losses, and Funding Risks

Hims & Hers (HIMS) Falls After Earnings: Margins, Subscribers, and Guidance

IWM ETF Outlook: Small-Cap Rebound, Fund Positioning, and Credit Risk

SOXL Sell-Off and Rebound: 3x Leverage, Fund Flows, and Semiconductor Risk

Something strange is happening with Bitcoin. It is neither digital gold nor a tech company for Wall Street

TQQQ Outlook: Triple-Leverage Swings, Rebound Potential, and Decay Risk

US card debt hits $1.29 trillion as Bitcoin loans expose a collateral divide

QQQ Outlook: Tech Sell-Off, Rebound, and Nvidia Earnings

FTX’s former Anthropic stake could now be worth over $30 billion

Former Polychain President Launches Venture to Create a Tradable Index for U.S. Housing Prices
USS Washington to Replace USS Lincoln in the Middle East Amid Concerns Over Crew Living Conditions
Stablecoin $825M Pre-Deposit Flash Loan, Whale Entrance with $700M Before Official Announcement?
Hedera Council adds Apex Group, servicer of $3.5T in assets
Kaspa developer targets ownerless prediction market by end-2026
Are GOPAX Withdrawals Still Paused? What Users Can Request and What Remains Unconfirmed
Check the latest GOPAX withdrawal status, which wallets qualify for manual requests, and how to tell whether your crypto withdrawal has been sent.
What Happened in the Binance Hack? How It Happened, Fund Recovery and User Safety
What happened in the Binance hack? Review the attack timeline, latest fund replenishment, recovery limits and practical steps to protect your account.







